Desfile Hispano Americano de NJ

Analysis

Desfile Hispano Americano de NJ is a registered charity in United States, based in North Bergen, NJ. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Desfile Hispano Americano de NJ reported income of $88k and spending of $74k, spending 85% of its income. Across the 5 years on record, from December 2018 to December 2023, income grew from $70k to $88k (+25%), an average of +5.7% a year. The sharpest change came in the year to December 2021, when income rose by 335%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Desfile Hispano Americano de NJ sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 41st percentile within NJ. Charities of a similar size with the same main cause include Edinburg Heritage Foundation Inc ($88k), Friends of the Cynwyd Trail Inc ($88k) and Kauai Concert Association ($88k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 7.5% and program service revenue 91% of the total. At year end it held assets of $37k against liabilities of $0, net assets of $37k.